Dow Jones Industrial Average (DJIA) Summary
Index Value: 8,943.81
Trade Time: Nov 7
Change: Up 248.02 (+2.85%)
Prev Close: 8,695.79
Open: 8,696.03
Day's Range: 8,696.03 - 8,961.57
After the worst two-day decline since the 1987 crash; WallStreet regained some ground to end near its high and close just below the 9000 level.
The US cuts 240,000 jobs in October and Unemployment rises to 6.5%, a 14-year high. Investors took this as a cue that will spur another FED Rate cut.
A metals trader says Gold can hit $2000 an ounce in a few years.
An hour before President-elect Barack Obama was to hold his first press conference, WallStreet had been up by around 170-200 points.
The Philippines cut its reserve rquirements in a hope to stoke growth.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment